Short answer
Strategic Education, Inc. (STRA) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $337M (up 4.9% year over year) with net income of $37M.
Q2 2026 key financials · XBRL
- Revenue
- $337M
- +4.9% YoY · +10.2% QoQ
- Net income
- $37M
- +14.9% YoY · +13.3% QoQ
- Operating margin
- 15.0%
- EPS (diluted)
- $1.71
- +24.8% YoY · +15.5% QoQ
Source: XBRL data from the Strategic Education, Inc. (STRA) Q2 2026 10-Q on SEC EDGAR. USD.
Strategic Education, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Filing excerpt truncated before quarterly financial results, preventing revenue and YoY comparison
- USHE enrollment 85,894, down 0.5% YoY; ANZ enrollment 17,555, down 5.2% YoY
- USHE employer-affiliated enrollment 34.7% vs 31.8% YoY
- ANZ worst performance by enrollment, down 5.2% to 17,555
- $13.9M reserve for Australian academic staff historical back-pay exposure, recorded in Q2 2026
Risk Factors
- Newly added NC-SARA risk triggered by 33 policy proposals received during the 2026 modification process
- Most material regulatory update: OBBBA accountability metrics effective July 1, 2026, with Direct Loan sanctions after two failures in three years
- Compliance exposure: additional borrower-defense claims expected between May and July 2026 following the Department’s March 2026 resumption
- Near-term funding risk: OBBBA eliminates graduate and professional Federal Direct PLUS loans effective July 2026
- Revenue concentration: Strayer derived 87.98% of fiscal 2025 cash-basis revenue from federal education assistance
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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